usdc

CDCROP: Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)
USDC's Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins
A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins such as tokenized bank deposits and CBDCs may be needed to prevent contagion.
CDCROP: Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)

Jeremy Allaire, cofundador y CEO de Circle. (CoinDesk)
Los egresos de USDC superan los US$10.000M mientras el dominio de tether alcanza su máximo en 22 meses
La stablecoin rival (USDT) alcanzó su participación de mercado más alta desde mayo de 2021 y ahora representa el 60% de todas las stablecoins en circulación.
Jeremy Allaire, cofundador y CEO de Circle. (CoinDesk)

DeFi -Decentralized Finance on dark blue abstract polygonal background. Concept of blockchain, decentralized financial system (Getty Images)
Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.
DeFi -Decentralized Finance on dark blue abstract polygonal background. Concept of blockchain, decentralized financial system (Getty Images)

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has reached its largest market share since May 2021 and now represents 60% of all stablecoins in circulation.
Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

CDCROP: white letters on red cubes, a new cryptocurrency way to earn and sell your work (Getty Images)
NFTX DAO Eyes Treasury Rebalancing After USDC Wobbles
The decentralized autonomous organization’s token holders are voting to diversify $2 million of its treasury’s assets amid a turbulent crypto market.
CDCROP: white letters on red cubes, a new cryptocurrency way to earn and sell your work (Getty Images)

Conceptual business illustration of risk zone metaphor with businessman silhouette standing like between a rock and a hard place. Minimalistic vector illustration
This Crisis Will Define the Future of Money
The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion, the echoes of crises in 2008 and 2013 are loud.
Conceptual business illustration of risk zone metaphor with businessman silhouette standing like between a rock and a hard place. Minimalistic vector illustration

USDC depeg (Cryptowatch)
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
One wallet made $16.5 million in a day trading tether for USD coin and DAI.
USDC depeg (Cryptowatch)

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
The Banking Crisis Has Been Good for Stablecoin Experimentation
Sovryn, a Bitcoin DeFi protocol, announced a new dollar proxy as others look at alternative models for collateralizing stablecoins amid a banking system crisis.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Forest, dark
Bitcoin Options Market Still Afraid of USDC Volatility
The options market is still valuing options that settle in the underlying rather than in USDC at a relative premium because of concerns of another depeg, one observer said.
Forest, dark

(Sandali Handagama/ CoinDesk)
Circle USDC Rebounds From Depegging, but Stablecoin Observers See an Uncertain Future
Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows.
(Sandali Handagama/ CoinDesk)